THIS DOESN'T LOOK GOOD...(hopefully a storm in a teacup)
James Packer’s casino operator Crown Ltd has been linked to an investigation by Taiwanese authorities into the alleged channelling of $US180 million ($170.4 million) in illicit gambling funds from Taiwan to the Chinese gambling enclave Macau.
It is understood that the investigation relates to fund transfers on behalf of high rollers looking to gamble at Crown's Macau joint venture, Melco Crown Entertainment.
Last week, Taiwanese regulators announced a probe into allegedly illegal transfers of gambling funds between Taiwan and Macau’s casinos by the Taiwanese branch of MCE International.
Crown chief executive Rowen Craigie is listed as a director of the Hong Kong-based company which is a subsidiary of Melco Crown.
